Turnaround Industry is in Transition During Uncertain Economic Times

The results are in from TMA's recent Trend Watch survey and the results paint a picture of an industry in transition during uncertain economic times.

The uncertainty has led many of those in the turnaround industry to believe the number of engagements and estimated revenues for this year will remain flat or decrease. The outlook is brighter for next year, however, as more than half the respondents expect revenues to increase by 10 percent or more in 2011.

Another interesting trend highlighted by the survey results is that 70 percent of respondents said most of their work has occurred outside of bankruptcy court this year, which is significantly up from 42 percent last year.

Find out more of the results at turnaround.org, where you can view the Trend Watch Survey news release and charts showing the poll results.

I'm interested to hear what you think. Post your comments by clicking on the link below and tell us if you agree or disagree with the survey results.